Overview

• President Lu Weibing confirmed the timeline on an earnings call, marking Xiaomi’s first overseas launch for its car business with specific models still undisclosed.
• The EV unit delivered 81,302 vehicles in the second quarter and is targeting 350,000 deliveries in 2025 after a July record of over 30,000.
• Strong home-market demand persists, with the SU7 topping 135,000 sales last year and the new YU7 SUV securing about 240,000 locked-in orders at launch.
• Production remains the constraint, with wait times exceeding 52 weeks and a Beijing factory expansion under way as CEO Lei Jun told impatient buyers to consider other brands.
• Europe preparation is advancing, including the first test vehicle registered in Germany, a Munich R&D center, and hires such as BMW veteran designer Kai Langer alongside R&D head Rudolf Dittrich.